Quick answer
Overall prices in the New York, NY metro were 112.6 vs 92.2 in Memphis, TN in 2024 (US = 100), so New York is 22.1% more expensive than Memphis; housing rents differ by 86% (148.6 vs 79.8). A $75,000 income in New York buys about what $61,418 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Memphis | New York vs Memphis |
|---|---|---|---|
| All items | 112.6 | 92.2 | +22.1% |
| Goods | 110.3 | 96.2 | +14.6% |
| Housing (rents) | 148.6 | 79.8 | +86.2% |
| Utilities | 127.0 | 74.1 | +71.4% |
| Other services | 105.8 | 95.4 | +11.0% |
| All items, 2008 | 113.5 | 94.2 | +20.5% |
| $50,000 in New York equals in Memphis | $40,946 | ||
| $100,000 in New York equals in Memphis | $81,891 | ||
| $150,000 in New York equals in Memphis | $122,837 |
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Last updated 2026-10-16. Data only, not financial or tax advice.